What is KYC and why is it needed?

Created by Joshua Pooley, Modified on Mon, Oct 6 at 8:33 PM by Joshua Pooley

KYC stands for “Know Your Customer.” It is a standard process used in financial services to verify the identity of customers. KYC helps ensure that accounts are being opened and used by real individuals or businesses, not fraudulent actors.

Why We Use KYC

At Ridgeline, trust and security are at the core of our services. Because we operate in the financial space, KYC is an important part of:

  • Protecting Customers: verifying identities helps safeguard accounts from fraud or misuse

  • Compliance: many financial and cryptocurrency related businesses are required by law to follow KYC regulations

  • Building Trust: transparency and accountability are the foundation of a reliable crypto experience

What the Process Looks Like

When you sign up or enter into a contract with us, you may be asked to provide:

  • A valid government-issued ID (such as a driver’s license or passport)

  • Proof of address (such as a utility bill or bank statement)


This information is handled securely and used only for verification purposes.


Our Commitment

We take your privacy seriously. All KYC information is encrypted and stored in compliance with industry standards. We never share your personal details with unauthorized third parties.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article